Analysis
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Forex market analysis is divided into technical and fundamental. Technical analysis relies solely on the price chart and shows what is and has been happening in the market. Fundamental analysis explains what fundamental, or in other words, economic factors caused the price movement. Traders who want more than "buy on the green and sell on the red" must understand these factors. We will begin our master class with a general overview of the fundamental factors. In the following issues, you will learn how to use them in trading for maximum efficiency. Economic Indicators In general, a currency can rise in value for two reasons - if its supply (volume in circulation) in the world market decreases, or if...
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The proverb "Haste makes history" also applies to the stock market. Let me illustrate this with a live example. Sberbank's live "head" At the moment, an inverted "head and shoulders" pattern is forming on the chart of Sberbank's common stock. Other articles from the "Stock Market. The "Diamond" or "Rhombus" pattern: dangerous signal for traders The "widening formation" pattern teaches to relax A little more about TA figures: "triangle" or "head and shoulders"? "Flags" and "pennants": a pattern analysis peculiarities. Should we be tempted by the falling Russian stocks? Despite the fact that the figure has not yet completed the drawing of its second "shoulder", not to mention the breakdown of the "neck line",...
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As I promised last time, today I will tell you what happens when an insidious "expanding formation" pattern merges with an equally insidious "symmetrical triangle" pattern as part of my study of classical technical analysis for the stock market. But it's simple: there appears a rare and little-studied on the daily data of the Russian stocks "Diamond" or Rhombus trend reversal pattern. Figure "Diamond" - the rules of formation The figure "Diamond" is a strange figure, because the process of its formation takes a long time. Russian shares quotations are too emotional to stay in a limited range for a long time. In classical technical analysis literature you can see not only the terms of formation and description of "Diamond" and "Rhombus" figures, but also find out...
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Last time we discussed the magic of the Triangle pattern on the daily charts as part of our study of the application of technical analysis to Russian securities. In this article, I'm going to tell you what happens when a triangle starts to build from the "apex" instead of the "base" and forms into an "Expanding Formation" pattern. As usual, I'm not going to rewrite the book's wisdom, rather we'll immediately compare the theory with reality. The Expanding Formation pattern is not for speculation! You don't have to go far to get an example of the Expanding Formation pattern. It is on the daily chart of the most popular Sberbank stock from the beginning of 2013. The mistake many traders make is trying to trade on the basis of this pattern. On the...
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According to the plan of our training course, we should move on to the study of technical indicators and their application, but the other day I came across an interesting chart that makes me return to the topic of classical technical analysis and, in particular, to the model of uncertainty - the "Triangle" pattern. The reversal power of the "Symmetrical Triangle" pattern Analysts and stock coaches are often accused of showing only historical summaries. Today we have the opportunity to observe the technical analysis figure "Triangle" in dynamics. In free access you can find articles substantiating the reversal power of the "Symmetrical Triangle" figure for Russian popular securities. I "made friends" with these figures long ago, back in December 2007.....
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Let's continue to get acquainted with graphical technical analysis. Last time we talked about big formations - trend reversal patterns. Today I will tell you about the peculiarities of trend continuation patterns - "Flags" and "Pennants". Figures "Flag" and "Pennant". - Uncomfortable sideways The "Flag" and "Pennant" figures can be formed both after a rise and after a fall. There is often a question about the interpretation of these figures of technical analysis, because it is easy to confuse them in the process of their formation. I never try to determine on a live chart in the moment, which is forming now - the "Flag" or the "Pennant"? I start from the philosophy of formation of these figures. "Flag" or "Pennant" - is a tedious little sideways pattern in which...
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One of the most recent harmonic patterns that have been discovered relatively recently is the "5-0" harmonic pattern. С. Kornei published the first materials on this development in 2004-2005. This pattern, as well as all its "colleagues", can be used absolutely on any markets because of its construction on the basis of Fibonacci levels, which describe almost everything in this world. Description of the harmonic pattern "5-0" Let's describe the main characteristics of the pattern: the formation of the pattern "5-0" begins with a weak movement in the form of the AB segment at the end of the previous bearish trend. The point B should be located not above the level of 161.8% from the movement 0X. The impulse BC relative to the segment AB should be organized in the range from...
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Gartley's harmonic pattern "Three Movements" is a fairly well-known pattern in the circles of stock analysts and speculators, who in solving the problem of determining trading objectives give greater preference to the means and methods of technical analysis. Description of the harmonic pattern "Three Movements" In the empirical Elliott wave theory, the analog of this pattern is defined as a "diagonal triangle". Also, many people are probably familiar with Linda Raschke's "three Indians". In harmonic trading formats, we will consider this pattern, taking into account the Fibonacci ratios. In the fibo-parameters of the classical variant of the considered harmonic pattern "Three Movements" the following laws are stipulated: price movements 2 and 3 should end at the projections 1.2 or 1.618. Pullbacks of movements 1 and 2 should end at the levels 61.8%....
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Simple graphical models on and stock exchanges allow not only to get an idea of possible change of moods of participants of market battles, but also to reveal their preferences. This is achieved by joint analysis of volume and price dynamics. The most simple example is the formation of the "Dodgy" pattern on the chart, which characterizes the uncertainty of investors as to whether the current trend will continue. As a rule, it is associated with ambiguous news background or expectations of important events, in anticipation of which the market freezes, preferring to play the facts rather than rumors. As a result, there is a semblance of balance on the chart, which is reflected in the close proximity of the closing and opening prices. According to the researchers,...
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No matter how many recommendations a trader has heard regarding the advisability of trading in the direction of a trend, he will sooner or later be drawn to look for a trend reversal. And it is not surprising, because successful identification will allow not only to maximize profits by opening a position at the very beginning of the emerging trend, but also to evaluate all the charms of position trading. Searching for trend reversal points A successful long-term trade will allow you to forget for a while about the need to search for new favorable opportunities on a daily basis and surrender to the elements of the market, guided by one single principle: "let profits grow". In this regard, many famous traders have repeatedly tried to develop the concept of reversal. Who does not remember the principles of trend reversal on the pattern "1-2-3" of Victor Sperandeo, or...
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Темой лекции сегодня будет гармонический паттерн Гартли, который достаточно редко встречается на рынке — модель «Краб». Гармонический паттерн «Краб» был открыт относительно недавно, в 2000 году, но успел завоевать особую популярность среди приверженцев гармонического анализа . Описание гармонического паттерна «Краб» Сравнивая его с гармоническим паттерном «Бабочка Пасавенто», можно определить основное отличие, — относительно небольшая амплитуда отрезка АВ, который в «Крабе» не должен быть более 61,8% от высоты луча ХА. Наиболее оптимальный вариантом будет значение в области 38,2% или 50%. Основным и обязательным условием образования гармонического паттерна «Краб» является высота точки D — она должна находиться на уровне 161.8% движения ХА. Фибо параметры…
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Continuing the theme of the previous articles, I would like to tell you about one more Gartley harmonic pattern, which is less common than the others, which is compensated by increased accuracy in predicting market entry points. Gartley's harmonic pattern "Bat" was discovered and mathematically described in 2001 by Scott Carney. Description of the Gartley's Bat Harmonic Pattern The appearance of the Bat Harmonic Pattern resembles the Gartley's Butterfly pattern, their difference is in the proportions of the "wings". The main and obligatory condition of this pattern is the retracement 0.886 from the XA movement, which is the main element to determine the Potential Pivot Zone (PPZ). The preferred parameters of the other sectors of the pattern have more maneuverability in their values: retracement at point B from...
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В данной статье я предлагаю вам рассмотреть такую замечательную гармоническую модель Гартли , как «Бабочка Пасавенто». Гармонический паттерн «Бабочка Пасавенто» был открыт учениками и последователями Гарольда Гартли – Джил Мур и Гарри Пасавенто и является идеальной моделью паттерна «Бабочка Гартли». Основные характеристики паттерна «Бабочка Пасавенто» по уровням Фибоначчи Формирование вершины B на уровне 78.6% от отрезка XA — самый основной непоколебимый и наиболее эмпирически проверенный уровень для данной вершины в идеальной модели Бабочки Гартли. Конечно, иногда допускаются и другие вариации расположения данной точки, но такие сигналы весьма и весьма сомнительны, потому их лучше игнорировать. Формирование вершины С допускается к уровням 38.2%, 61.8% и 78.6% от…
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Despite the fact that recommendations to trade in the direction of the current trend remain relevant to this day, traders never tire of searching for effective methods of finding a trend reversal with the help of technical analysis figures. After all, sooner or later the trend will end, and one successful entry will allow you to make semi-annual or even annual profitability. Graphical models of trend reversal in the classical TA Methods based on divergence or other signals given by indicators are not always effective, and are also poorly understood, which makes traders more often turn to the tools of graphical analysis. According to the theory of classical technical analysis, a bullish trend change can occur if one of the following...
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Добрый день, уважаемые новички трейдинга и практикующие трейдеры! Мы продолжаем наш увлекательный курс лекций по теме гармоничных паттернов Гартли. И сегодня мы поговорим о такой замечательной фигуре как гармонический паттерн «Бабочка Гартли»! История открытия гармонического паттерна «Бабочка Гартли» Паттерн «Бабочка Гартли» был графически «открыт» в 1935 году, но все соотношения по уровням Фибоначчи для уточнения «крыльев» бабочки были рассчитаны в более поздний период учениками и последователями великого Гартли. Именно они разработали и дали математическое определение нескольким основным вариациям данного гармонического паттерна с разными уровнями Фибоначчи. Для начала рассмотрим эталонные классические модели — наиболее красивые и гармоничные. Паттерн «Бабочка Гартли» — на есть место…
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Мы продолжаем цикл статей, посвященных гармоническим паттернам Гартли на рынке . Сегодня рассмотрим условия формирования и принципы использования в торговле гармонического паттерна AB=CD. Как образуется гармонический паттерн AB=CD Равнозначные отношения цены, которые выражаются через соотношения Фибоначчи, образуют одну из интереснейших гармонических моделей — паттерн AB=CD, который, по сути, является главной составляющей всех остальных моделей. С одной стороны, такой гармонический паттерн будет являться коррекцией (если смотреть с точки зрения волновой теории Эллиотта), с другой — такой паттерн, в большинстве случаев, является разворотной моделью. Виды гармонической модели AB=CD Модель AB=CD подразделяется на 2 вида: Гармонический паттерн AB=CD с ретрейсментом точки С равным 61.8% и проекцией ВС=161.8%.…
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Good afternoon, dear colleagues! From today we are starting a series of articles devoted to Gartley harmonic patterns. Probably, all traders, especially experienced ones, have ever heard, used or put into practice this method of market analysis. For those who are just getting acquainted with this tool, I offer a brief excursion into the history and theory of harmonic patterns. What are harmonic patterns? Harmonic patterns were described by stock theorists Harold M. Gartley, Scott M. Carney and Larry Pasavento. But their discoverer was Gartley, who published his work "Profits In The Stock Market" in 1935. In this work, the author mentions a chart pattern that can be confused with the famous Elliott Wave. The similarity...
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Using graphical models in their pure form can seem quite risky at first glance, so traders build a system of filters that allow them to select more reliable models. Time and correction dependencies as well as separate indicators are used as such filters. For example, a trader decides to make a deal only if there is a divergence on the MACD along with the "Three Indians" reversal pattern. However, such a system can no longer be attributed to the Price Action methods, which involve trading without indicators. Parent and child patterns As an alternative to the use of calculated indicators as filters, the interaction of patterns can be used. Many of them have a wave structure,...
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Противники гармонической торговли утверждают, что симметрия рынка надумана, и движения рыночных котировок не могут вписываться в заранее установленную схему. Однако методы данного направления технического анализа продолжают работать, позволяя трейдеру определить важные уровни поддержки и сопротивления, а также выявить потенциальные точки разворота рынка. Графическая модель «Три шага» — путь к паттерну «Три индейца» Пусть графические конфигурации, использующие зависимости Фибоначчи, возникают не так часто, тем не менее, их эффективность проверена временем. Сегодня мы поговорим о такой разновидности известной графической модели «Три индейца», описанной Линдой Рашке и Лоуренсом Коннорсом в своем бестселлере «Биржевые секреты», как паттерн «Три шага». Как бы детально не подошли к…
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The more a trader is present in the market, the more he or she becomes convinced of its harmony. It doesn't matter what instruments you trade, what time intervals you use or what trading style you prefer - understanding the patterns of market price movements comes from understanding the clear interrelationships that form in the interaction of supply and demand. At a certain point in time, a trader discovers the patterns of harmonic trading. We will tell you about the method of using the harmonic patterns of Gartley to find the reversal points of the markets. Harmonic Pattern AB=CD In a simplified form, any graphical configuration can result from the failure of the market to form a new extremum (1-2-3 pattern), or from the successful testing of a previously formed maximum (minimum...
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